Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    image 121
    NewsCryptoSponsored Article

    $TON and $WLFI Hold Steady – MoonBull Presale Raises Over $250K, Cementing Its Spot Among the Top Coins to Invest in This Month

    Toncoin and World Liberty Financial are making waves across the crypto world,…

    By
    Benedikt Krüger
    October 8, 2025
    Solana Outperforms Ethereum’s Early Years With $2.85B in Annual Revenue
    NewsCryptoMarket
    Solana Outperforms Ethereum’s Early Years With $2.85B in Annual Revenue
    October 8, 2025
    Will EU Sanctions Cut Off Ruble Stablecoin Flows Into Bitcoin?
    NewsBitcoinCryptoMarket
    Will EU Sanctions Cut Off Ruble Stablecoin Flows Into Bitcoin?
    October 8, 2025
    Michael Saylor
    NewsBitcoinCryptoMarket
    Strategy’s $80B Bitcoin Holding Signals a New Corporate Era as BTC Smashes Records
    October 8, 2025
    image 109
    NewsCryptoSponsored Article
    Pepe ($PEPE) Price Prediction: Can It Reach $0.000013 by 2030 as This Top Meme Coin Presale 2025 Targets Explosive ROI?
    October 8, 2025
  • Cryptocurrency
    image 121
    $TON and $WLFI Hold Steady – MoonBull Presale Raises Over $250K, Cementing Its Spot Among the Top Coins to Invest in This Month
    8 Min Read
    Solana Outperforms Ethereum’s Early Years With $2.85B in Annual Revenue
    Solana Outperforms Ethereum’s Early Years With $2.85B in Annual Revenue
    8 Min Read
    Will EU Sanctions Cut Off Ruble Stablecoin Flows Into Bitcoin?
    Will EU Sanctions Cut Off Ruble Stablecoin Flows Into Bitcoin?
    7 Min Read
    Michael Saylor
    Strategy’s $80B Bitcoin Holding Signals a New Corporate Era as BTC Smashes Records
    5 Min Read
    image 109
    Pepe ($PEPE) Price Prediction: Can It Reach $0.000013 by 2030 as This Top Meme Coin Presale 2025 Targets Explosive ROI?
    7 Min Read
    image 102
    $HYPE and $SUI Trade Flat While MoonBull’s Presale Stage 4 Unlocks $5K-to-$595K Potential – Top Crypto Opportunities 2025
    9 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Popular Altcoin Project Announces New Layer 2 Network Namechain: Costs to Drop by 99%!
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > Popular Altcoin Project Announces New Layer 2 Network Namechain: Costs to Drop by 99%!
News

Popular Altcoin Project Announces New Layer 2 Network Namechain: Costs to Drop by 99%!

around the announcement of a new Layer 2 network featuring symbols like interconnected digital nodes blockchain layers and netw
Milena Volodina
Last updated: November 11, 2024 11:59 am
By
Milena Volodina
Published November 11, 2024
2 Min Read
Share

ENS Labs, the team behind the Ethereum Name Service (ENS), has unveiled its latest project, a Layer 2 network called Namechain. Designed to provide cost-effective, decentralized naming services, Namechain promises a 99% reduction in transaction costs while maintaining Ethereum’s robust security.

Contents
  • Efficient and Secure Transactions on Namechain
  • ENS’s Vision for the Future

Efficient and Secure Transactions on Namechain

ENS Labs co-founder Jeff Lau introduced Namechain at the “frENSday” event in Bangkok, explaining that unlike other Layer 2 rollups, ENS is uniquely positioned to focus on specific features thanks to its established user base. Namechain is expected to launch in late 2025 and will operate on zero-knowledge proof technology, enabling transactions outside the Ethereum mainnet with significantly lower costs. According to Lau, Namechain will be “Layer 2 independent,” allowing users to access ENS services from their preferred Layer 2 networks seamlessly.

One of Namechain’s standout features is Layer 2-to-Layer 2 bridging, allowing users to conduct cross-layer transactions and make payments through any Layer 2 network of their choice. Lau emphasized that the architecture’s control over protocol management will enhance the user experience, creating an efficient infrastructure that prioritizes decentralization and security.

the new Layer 2 network Namechain by ENS Labs designed for efficient and low cost transactions. The image features the Et

ENS’s Vision for the Future

As part of ENS Labs’ roadmap, Namechain will prioritize quick transaction finality, open-source accessibility, and the preservation of ENS’s decentralized structure. The launch will further ENS Labs’ goal to offer more affordable and accessible naming services by 2025, supporting the evolution of the ENS ecosystem. Namechain was developed as part of the “ENSv2” protocol, introduced in May 2023, aimed at making ENS services more flexible and affordable across Ethereum Layer 2 networks.

ENS Labs has reportedly secured partnerships for Namechain’s Layer 2 integration, though details remain under wraps. In September, ENS announced the integration of ENS services with Paypal and Venmo, highlighting growing institutional interest. ENS Labs revealed that there are currently over 2 million ENS registrations on-chain and more than 4 million names registered off-chain, showcasing ENS’s expanding adoption.

ENS Labs, Ethereum Name Service, Layer 2 network, Namechain, zero-knowledge proof

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Crypto Market in Turmoil Ahead of FOMC Meeting and Fed Rate Call: When Experts See a Recovery

Crypto-Friendly Wave Sweeps Through U.S. Congress as Election Results Boost Digital Assets

Best Cryptos for Exponential Returns: Qubetics Offers New Hope as Cardano and Avalanche Continue to Hold as Crypto Leaders

Stellar XLM Explained: Key Insights into How Stellar Works in Cross-Border Payments

Fold Holdings Just Bought More BTC—Now a Top 10 U.S. Bitcoin Holder

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByMilena Volodina
Milena Volodina is a blockchain strategist and cryptocurrency expert with 9 years of experience in the industry. With a background in finance and technology, Milena has worked on numerous blockchain projects, including the development of decentralized finance (DeFi) platforms and blockchain-based financial services. Her expertise in both the technical and financial aspects of blockchain technology allows her to provide a comprehensive view of the industry. At DT NEWS, Milena offers readers expert analysis and insights into the latest trends and innovations in the blockchain and cryptocurrency world, ensuring they stay informed about key developments.
Previous Article the recent transfer of 2.4 billion in Bitcoin by Mt. Gox symbolizing its re emergence in the cryptocurrency market. The im Mt. Gox Re-emerges: $2.4 Billion Worth of Bitcoin Transferred!
Next Article the FOMO effect in Cardano ADA as it gains popularity among retail investors with the Cardano logo prominently displayed FOMO Frenzy in Popular Altcoin! Cardano Captivates Retail Investors
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to our newslettern

Get Newest Articles Instantly!

Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production
crypto 2024 1200x720
Decentralized Identity Emerges as a Catalyst for Data Privacy Renaissance
space
Tech Giant Announces Breakthrough in Quantum Computing
worldwide protest
Worldwide Protests Demand Action on Climate Change
global
Global Economic Forecast Reveals Slow Recovery Post-Pandemic
solar power
Revolutionary Solar Power Technology Unveiled

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English
  • Português (Portuguese)